Investment Advisor SP Tulsian is of the view that Triveni Engineering has target of Rs 105.50.

Tulsian told CNBC-TV18, "My pick is Triveni Engineering, a sugar play at Rs 101.20 with a price target of Rs 105.50 for the day. I am bullish on the sugar sector. This is the third largest sugar mill in Uttar Pradesh as well as having good presence in the engineering division; making turbines and gear. We have seen the company’s focus on the power sector and all the capital goods companies having re-rated or having run up quite a lot. But this company has its major call on the sugar, they even had a closing stock of about 37 lakh bags on April 1st 2009 on which they are carrying a hidden profit or the inventory again to the extent of Rs 150 crore. As I said, their engineering is consistently posting an annualized turn over close to Rs 600 crore with earnings before interest and tax of Rs 150 crore, which gives them a very good edge or cushion on a consistent basis. But sugar will be all adding in the current year also to the financial performance. So, my positives call on the stock.”